Monsanto Approves Funding for Project
PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that its client,
Monsanto Company (Monsanto) has announced that it has approved plans to
expand its St. Charles Parish operations in Luling, Louisiana.
Following completion of front end engineering, Jacobs is to provide
detailed engineering and procurement for the project now that Monsanto’s
board has approved the expansion.
In making the announcement, Jacobs Senior Vice President Petroleum and
Chemicals Manuel Junco stated, “The continuation of our relationship
through the funding of this project reflects our strength in
full-service delivery of major chemical facilities on the U.S. Gulf
Coast. We are excited to continue working alongside Monsanto to deliver
this important project.”
Monsanto, headquartered in St. Louis, Missouri, is committed to bringing
a broad range of solutions to help nourish our growing world.
Jacobs is one of the world's largest and most diverse providers of
technical, professional and construction services.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2015 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
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Source: Jacobs Engineering Group Inc.